Binance Hires Richard Teng To Expand Operations In Singapore
Binance has hired Richard Teng to become their CEO in Singapore to cross the regulatory curve. This has been a hurdle for the exchange in the present weeks. Binance is a cryptocurrency exchange that provides an online platform for trading various cryptocurrencies. It was founded in 2017, domiciled in the Cayman Islands, and provides a […]
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Binance's most recent acquisition is still subject to some regulatory requirements. Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX).On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and regulated by the Monetary Authority of Singapore.Binance Singapore CEO Richard Teng said that the new investment will help Binance and HGX further expand the scale of products and services “supported by blockchain technology”....
Cryptocurrency exchange Binance is once again facing scrutiny in the United States, this time following a formal inquiry launched by Democratic Senator Richard Blumenthal. Senate Demands Records From Binance In a letter dated February 24 and addressed to Binance co-CEO Richard Teng, Blumenthal cited reports suggesting the company enabled “large-scale violations” of US and international […]
In a recent development, Richard Teng, the CEO of Binance, has confirmed the company’s close cooperation with Nigerian authorities following the detention of its head of financial crime compliance, Tigran Gambaryan. Gambaryan and another Binance official are facing accusations of laundering over $35 million. According to a Reuters report, the Nigerian court has adjourned the […]
Crypto exchange Binance is remodeling its attitude toward regulation, flipping the script on its former notoriety as a pain in the neck of sorts to a role as an insider policy adviser to governments worldwide. The organization currently advises governments in several countries on crypto policy, recent quotes by CEO Richard Teng report. Related Reading: […]
Binance is pushing back against claims that it played a central role in the massive liquidation wave that swept through crypto markets on October 10, an event widely described as the largest in the industry’s history. In the aftermath of roughly $19 billion in wiped‑out positions, some market participants accused the exchange of manipulating prices for its own gain. Binance co‑CEO Richard Teng has now addressed those allegations directly, insisting the platform was not “the sole trigger” of the turmoil and that the selloff hit the entire digital asset ecosystem. Binance Co-CEO Breaks....